The GDP composition of Bolivia in 2023 reveals that the services sector accounts for the largest portion at 35.63%, followed by mining, manufacturing, and utilities at 25.62%. Agriculture, including hunting, forestry, and fishing, contributes 12.94%, while transport, storage, and communication represent 11.15%. Wholesale, retail trade, restaurants, and hotels make up 10.96%, with construction at 3.7%. Over the past two years, these sectors have displayed moderate and stable growth, retaining Bolivia's economic balance. Over a five-year period, the agriculture and services sectors have shown the most consistent growth, reflecting a strong CAGR.
Future trends for Bolivia's GDP composition may see an expansion in the services and transport sectors due to continued urbanization and demand for digital connectivity. Growth in sustainable energy and responsible mining can influence both utility sectors and manufacturing positively. Monitoring global market trends will be crucial for the mining sector alongside innovations in agricultural technology to boost productivity and sustainability.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 35.63 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 25.62 | 2016 | |
| 3 | 3 Agriculture, hunting, forestry, fishing | 12.94 | 2016 | |
| 4 | 4 Transport, storage and communication | 11.15 | 2016 | |
| 5 | 5 Wholesale, retail trade, restaurants and hotels | 10.96 | 2016 | |
| 6 | 6 Construction | 3.7 | 2016 |
